Wonder if we will get some profit taking before the holiday weekend.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Stock Markets
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Last: 10 hrs ago by El_duderino
Wonder if we will get some profit taking before the holiday weekend.
Yesterday, #ES_F broke its down-trend line from March, giving bulls the 1st technical setup for relief run. 4040 was my 1st target, basing above
— Adam Mancini (@AdamMancini4) May 27, 2022
Plan: As long as 4035 holds, 4095-4105 = target. Pullback zone. 4035 fails, we sell to 4015, 3965-55. Breakout fails, deep sell below https://t.co/pyh7e02QKg
4095ish is a pullback zone for him, so watch and see the reaction. we're already almost at the level
Farmer,
Thanks for posting that. So if the general consensus Is that oil prices will continue skyrocketing and food prices will continue to go up throughout the year due to diminished wheat exports and really high fertilizer prices, how do we capitalize/protect ourselves? If some level of global famine / Arab spring type situation unfolds next year, what moves can I make now?
1. O&G exposure
2. Domestic fertilizer companies like UAN
3. Agricultural companies?
4. Stockpile food?
Other ideas? I know I'm going to look back and ask myself how I missed some obvious investment.
Thanks for posting that. So if the general consensus Is that oil prices will continue skyrocketing and food prices will continue to go up throughout the year due to diminished wheat exports and really high fertilizer prices, how do we capitalize/protect ourselves? If some level of global famine / Arab spring type situation unfolds next year, what moves can I make now?
1. O&G exposure
2. Domestic fertilizer companies like UAN
3. Agricultural companies?
4. Stockpile food?
Other ideas? I know I'm going to look back and ask myself how I missed some obvious investment.
Looking to short TSLA. Will wait 15 min or so.
This doesn't look good.
US Personal Income rose less than expected
— jeroen blokland (@jsblokland) May 27, 2022
US Personal Spending rose more than expected
US real wage growth is deeply negative
How can this be?
US consumers are depleting their savings at warp speed. Savings ratio down to 4.4%, the lowest level since 2008.
NOT sustainable. pic.twitter.com/4FMKGHF7Id
DeSantis 2024
FJB, FJB, FJB, etc
FJB, FJB, FJB, etc
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BrokeAssAggie said:
Looking to short TSLA. Will wait 15 min or so.
Remember to watch SPX as well. If the first few 5-min candles of TSLA go opposite of SPX, you've got a higher risk of it reversing.
Didn't Musk announce yesterday or day before that the new Twitter deal wouldn't put TSLA stock as margin anymore. Seems like it takes off some of the potential political pressure to tank that stock.BrokeAssAggie said:
Looking to short TSLA. Will wait 15 min or so.
yeah, need marcos to pull back too. My resistance on TSLA is $730. See if it can break that, if not I think it will pull back to $~700
Farmer @ Johnsongrass, TX
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XOM I think will take a breather and backtrack to $92-$88. I'll reload if it does. ... Assuming my Calls get exercised today. Earlier projections, by end of year I thought XOM at $105 (inside range high) to $120 (outside range high). Looks like there's a good chance to see the outside range high.
As for Ukraine, if you are invested in the WEAT fund, this info input translates to a hold. It's Bullish info. Moving forward,...if you've never seen people react when they are hungry (I don't mean missing a meal - I mean a few days without food) this lockdown on grains could escalate crises around the world for those that depend on imported grains for sustenance.
As for Ukraine, if you are invested in the WEAT fund, this info input translates to a hold. It's Bullish info. Moving forward,...if you've never seen people react when they are hungry (I don't mean missing a meal - I mean a few days without food) this lockdown on grains could escalate crises around the world for those that depend on imported grains for sustenance.
Farmer @ Johnsongrass, TX
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Just so I am clear, the OIH, is that Van Eck ticker or an acronym I am not familiar with? I think you are asking the difference between oil field services vs O&G companies, right?
maroonbleeder said:
Farmer,
Thanks for posting that. So if the general consensus Is that oil prices will continue skyrocketing and food prices will continue to go up throughout the year due to diminished wheat exports and really high fertilizer prices, how do we capitalize/protect ourselves? If some level of global famine / Arab spring type situation unfolds next year, what moves can I make now?
1. O&G exposure
2. Domestic fertilizer companies like UAN
3. Agricultural companies?
4. Stockpile food?
Other ideas? I know I'm going to look back and ask myself how I missed some obvious investment.
zzzzzzzzz
Yes that's correct. It's the Van Eck thing.
I follow it as a ticker but have never traded or invested. It just seems to have dramatic moves.
But can u comment on some pros/cons of investing money there vs say CVX/XOM/MRO?
I follow it as a ticker but have never traded or invested. It just seems to have dramatic moves.
But can u comment on some pros/cons of investing money there vs say CVX/XOM/MRO?
Look for that 4200 area for possible reversal.
Up $1,700. May just call it good and go.
You don’t trade for money, you trade for freedom.
Remember that time I bought TSLA calls for $3 and sold for $4.60 only to see them rise to $43?
I bought into WEAT fund earlier in the week.Farmer @ Johnsongrass, TX said:
XOM I think will take a breather and backtrack to $92-$88. I'll reload if it does. ... Assuming my Calls get exercised today. Earlier projections, by end of year I thought XOM at $105 (inside range high) to $120 (outside range high). Looks like there's a good chance to see the outside range high.
As for Ukraine, if you are invested in the WEAT fund, this info input translates to a hold. It's Bullish info. Moving forward,...if you've never seen people react when they are hungry (I don't mean missing a meal - I mean a few days without food) this lockdown on grains could escalate crises around the world for those that depend on imported grains for sustenance.
very good information- keep us updated.
It's a holiday and I'd be really mad if I gave any back.
You don’t trade for money, you trade for freedom.
Have a great weekend folks. Recommend that you also check out if you're up big.
You don’t trade for money, you trade for freedom.
Taking more TQQQ profits today. Trailing stop at 1.5%.
My one regret is I didn't go in harder with all my available cash last week.
My one regret is I didn't go in harder with all my available cash last week.
That was a bad ideaBrokeAssAggie said:
Looking to short TSLA. Will wait 15 min or so.
You don’t trade for money, you trade for freedom.
Wrong mindset.Brian Earl Spilner said:
Taking more TQQQ profits today. Trailing stop at 1.5%.
My one regret is I didn't go in harder with all my available cash last week.
You don’t trade for money, you trade for freedom.
We're right at the 38.2% now. This could be a roadblockwanderer said:
From 3/29 high to 5/20 low, 38.2% is ~411.70, 50% is ~421.30
$30,000 Millionaire said:That was a bad ideaBrokeAssAggie said:
Looking to short TSLA. Will wait 15 min or so.
Yes, yes it was. Sure it won't be my last either!
Farmer @ Johnsongrass, TX
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Good questions. That's a lot to unpack. I don't have definitive answers. Here are some random-ish thoughts below.maroonbleeder said:
Farmer,
Thanks for posting that. So if the general consensus Is that oil prices will continue skyrocketing and food prices will continue to go up throughout the year due to diminished wheat exports and really high fertilizer prices, how do we capitalize/protect ourselves? If some level of global famine / Arab spring type situation unfolds next year, what moves can I make now?
1. O&G exposure
2. Domestic fertilizer companies like UAN
3. Agricultural companies?
4. Stockpile food?
Other ideas? I know I'm going to look back and ask myself how I missed some obvious investment.
I like O&G for the next 12 to 18 months in over weighted positions. FJB keeps emptying out the SPR giving it to Europe to combat high crude prices, maybe he doesn't realize he'll have to refill it?
I own BG because they have a deal with CVX. I'll be out of BG some time next year. Agriculture usually turns things around fairly quick. You'll see USDA start allowing CRP acres and other Gov't programs lands taken out of production get an allowance to come back into production on a temporary basis if food is a problem.
I own MOS because phosphate is the most important mineral nutrient to sustain life period. Nitrogen gives you yield, phosphorous gives you life.
Stockpile food?, I own about a 2 month supply of MRE's for 3 people. I just went through a power outage and we were getting ready to bring these MRE's out of storage, but we got our power back (yea!). I don't have a lot of food stored up and that will not change. I guess I'll deal with it at that time. I do think our food supply is fine. Now, if FJB starts giving grains and food products away like the SPR crude, that's a different story.
I am looking at a whole house generator for power. I was without power for 4 days in Memphis and 7 days without water in St. Joseph, MO and 1 1/2 days without power last week. By far, I can manage without water easier than being without power. Those small flashlights with radios and a generator crank to produce power for your phone....it took 15 minutes average of continuous cranking to get 1% of power to your phone. You'll burn more calories getting 5% of power to your phone and want to eat afterward! I have looked at portable generators, but I think I am going whole house.
I admit it's a glass half empty mindset.$30,000 Millionaire said:Wrong mindset.Brian Earl Spilner said:
Taking more TQQQ profits today. Trailing stop at 1.5%.
My one regret is I didn't go in harder with all my available cash last week.
I expect another downturn eventually so I'm happy to take the profits I can and wait.
yeah here... bought verticals around 2.50, sold around 70% gain, should've held one for expiration, it would be 4x.Ragoo said:
Remember that time I bought TSLA calls for $3 and sold for $4.60 only to see them rise to $43?
All good, rolled profits into SPY veritcals and calls (all out of those now too, stress free day now!)
Ragoo said:
Remember that time I bought TSLA calls for $3 and sold for $4.60 only to see them rise to $43?
Anyone who bought calls and sold them before 12 yesterday is thinking the exact same thing.
I was in and out in 13 minutes. At the time it felt like a perfectly executed trade and it achieved my goal in the trade. For that I am happy. The what if is a kick in the nuts though.texagbeliever said:Ragoo said:
Remember that time I bought TSLA calls for $3 and sold for $4.60 only to see them rise to $43?
Anyone who bought calls and sold them before 12 yesterday is thinking the exact same thing.
Good news for the market, right?
$30,000 Millionaire said:
By the way did all of you guys that said you were going to buy in the 3800s do it or did you chicken out?
In my 401K, I sold all my riskier stock moves (including WWR) and put it all on UPRO and TQQQ. Bought in anytime we were near 4000 or below.
Not saying that's a good or bad move, just found it funny you got out of risky stocks to get into 3x leveraged positions.Philip J Fry said:$30,000 Millionaire said:
By the way did all of you guys that said you were going to buy in the 3800s do it or did you chicken out?
In my 401K, I sold all my riskier stock moves (including WWR) and put it all on UPRO and TQQQ. Bought in anytime we were near 4000 or below.
Let's just say I had more faith in my technical analysis of the indexes than I did these others. Question I have now is, when do I bail and go back to being cash heavy.
I think UPRO gets to 53 or so before we really know if wr are in a bear market or not. I wanted to maximize this bounce as much as I could.
I think UPRO gets to 53 or so before we really know if wr are in a bear market or not. I wanted to maximize this bounce as much as I could.
The what if mentality is normally what leads to a kick in the nuts for me...Ragoo said:I was in and out in 13 minutes. At the time it felt like a perfectly executed trade and it achieved my goal in the trade. For that I am happy. The what if is a kick in the nuts though.texagbeliever said:Ragoo said:
Remember that time I bought TSLA calls for $3 and sold for $4.60 only to see them rise to $43?
Anyone who bought calls and sold them before 12 yesterday is thinking the exact same thing.
Philip J Fry said:$30,000 Millionaire said:
By the way did all of you guys that said you were going to buy in the 3800s do it or did you chicken out?
In my 401K, I sold all my riskier stock moves (including WWR) and put it all on UPRO and TQQQ. Bought in anytime we were near 4000 or below.
yessss capitulate
signed WWR bagholders
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